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G7 to 'move swiftly' on more Russia sanctions

Associated Press, AP 10:14 p.m. EDT April 25, 2014

A Ukrainian police officer stands guard at a checkpoint, with Ukrainian flags, that was attacked by unknown men outside the Black Sea port of Odessa, Ukraine, on April 25, 2014. Seven people were injured in the attack.(Photo: AP)

WASHINGTON (AP) - The United States and other nations in the Group of Seven say they have agreed to "move swiftly" to impose additional economic sanctions on Russia in response to its actions in Ukraine.

In a joint statement released Friday night by the White House, the G-7 nations say they will act urgently to intensify "targets sanctions." The statement says that the G-7 will also continue to prepare broader sanctions on key Russian economic sectors if Moscow takes more aggressive action.

It's unclear when the new sanctions will go into effect and who they target.

The G-7 nations say they are moving forward on the targeted sanctions now because of the urgency of securing plans for Ukraine to hold presidential elections next month.